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Hardcover, 320 pages
Skyhorse Publishing, Inc.
Suggested Retail: $24.95
From a top trial lawyer and an award-winning financial journalist comes a fascinating look at financial fraudsters, their schemes, and their victims. The worst financial crisis since the Great Depression revealed that thousands of mom-and-pop investors had lost millions to Bernie Madoff and other scammers. By telling true tales of thieves, swindlers, and fraudsters at work, Financial Serial Killers paints a picture of modern Wall Street where wily and unscrupulous con men are able to get their hooks into investors’ wallets, savings accounts, and portfolios–and never let go.
Financial Serial Killers uncovers the cons–from the grand to picayune–used by deceptive investment advisers and counselors to fleece investors. Tom Ajamie and Bruce Kelly explain the technical market data and complex trading strategies that some advisers claim will generate riches, while showing how phony advisers cultivate victims and gain the trust that is essential to fraud.
Among many others, Ajamie and Kelly tell Lillian’s story. She and her husband had invested with Wall Street wizard Warren Buffett, one of the richest men in the world. After her husband died, her portfolio held $24 million in stock. She thought it was safe. It was–until a relative introduced this eighty-nine-year-old grandmother to a pair of unscrupulous insurance agents. Also included is Ajamie’s first-hand account of uncovering the legendary Bre-X gold mine fraud. A piece of land in Indonesia that had never once been tested by any independent sources was suddenly purported to hold millions and millions of dollars worth of gold–creating a stock buying frenzy. These stories, as well as other accounts of deceit and fraud, will captivate readers and show them how to better protect their family’s wealth and savings.